Geode Capital Management LLC Raises Stake in Bel Fuse Inc. (BELFB)
Geode Capital Management LLC raised its position in Bel Fuse Inc. (NASDAQ:BELFB) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,632 shares of the electronics maker’s stock after buying an additional 6,022 shares during the period. Geode Capital Management LLC owned about 0.72% of Bel Fuse worth $2,213,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. ClariVest Asset Management LLC boosted its position in Bel Fuse by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock worth $122,000 after buying an additional 243 shares in the last quarter. State of Tennessee Treasury Department boosted its position in Bel Fuse by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock worth $213,000 after buying an additional 1,256 shares in the last quarter. Comerica Bank boosted its position in Bel Fuse by 3.7% in the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock worth $231,000 after buying an additional 344 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Bel Fuse by 36.3% in the first quarter. OppenheimerFunds Inc. now owns 14,888 shares of the electronics maker’s stock worth $381,000 after buying an additional 3,968 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Bel Fuse by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 18,790 shares of the electronics maker’s stock worth $481,000 after buying an additional 3,140 shares in the last quarter. Hedge funds and other institutional investors own 60.59% of the company’s stock.
Bel Fuse Inc. (BELFB) traded up 1.20% during trading on Friday, hitting $25.20. 22,088 shares of the company were exchanged. The company has a market capitalization of $303.48 million, a price-to-earnings ratio of 17.82 and a beta of 0.85. The stock’s 50-day moving average is $25.92 and its 200-day moving average is $25.23. Bel Fuse Inc. has a 12 month low of $21.09 and a 12 month high of $33.60.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.26 by $0.25. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. The firm had revenue of $131.62 million during the quarter. Equities research analysts anticipate that Bel Fuse Inc. will post $1.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is 20.59%.
Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.
Bel Fuse Company Profile
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
Want to see what other hedge funds are holding BELFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bel Fuse Inc. (NASDAQ:BELFB).
Receive News & Ratings for Bel Fuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.